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The Department of Home Affairs has issued its draft guidance “Modern Slavery Act 2018: Draft Guidance for Reporting Entities” (Draft Guidance) for the new Modern Slavery Act 2018 (Cth) (the Act).
In these times of falling commodity prices, constrained debt and equity markets and high visibility cost reduction strategies, it is not surprising that a number of mining companies are considering placing their mining projects on care and maintenance.
Whilst the decision to put a mine on care and maintenance is primarily a business decision, executing it the right way will save considerable costs, time and effort in the long run and allow for a rapid ramp up and resumption of operations should a decision be made to resume operations.
In this publication, we set out the key areas that companies should focus on when taking a decision to put a mine on care and maintenance, namely: